Solitaire Minerals Outlines Gold-Bearing Horizon Near Red Chris Project
September 07 2010 - 9:00AM
Marketwired
Solitaire Minerals Corp. (TSX VENTURE: SLT) (Solitaire) is pleased
to report that preliminary surface geological mapping and
geochemical sampling has outlined a gold-bearing horizon on its
Summit B (Kitty) property. The 1,395-hectare (3,446-acre) property
is located 5 km north of the Village of Iskut, northern British
Columbia, Canada.
Previous programs focused on copper exploration, outlining a
trend of roughly 100 metres of strongly anomalous copper values
from rock sampling. Although copper was the main focus, rock
sampling also returned several high gold values to 4.950 g/t gold
along a parallel zone roughly 30 metres southwest of the main
trend.
The 2010 program included due-diligence style sampling of the
known trend and other copper occurrences, but focused largely on
identification and delineation of the gold bearing horizon. Further
exploration at the location which had previously returned values of
up to 4.950 g/t gold yielded two notable rock composite grab
samples of similar auriferous rock. The values were assayed to be
17.9 g/t gold with 18.5 g/t silver, and 10.9 g/t gold with 15.9 g/t
silver respectively. Detailed grid soil sampling and rock sampling
indicate these correspond to a 250-metre trend of anomalous gold
values, including a rock chip sample of similar material grading
1.875 g/t gold across 2.0 metres. Similar coincident anomalous
copper-gold values were returned from soil sampling about 250
metres farther northwest along trend. This trend represents a new
target warranting further exploration within the Summit B
block.
Elsewhere on the Kitty property, a 0.7-metre chip sample of
sheared limestone returned a value of 3.03 g/t gold with 0.090%
copper. A 1.2-metre outcrop chip sample at a separate location
returned 0.32% copper; composite grab sampling throughout the
property returned numerous anomalous copper values from 0.271% to
1.505% copper. All samples from the 2010 exploration program were
assayed at ALS Chemex located in North Vancouver, Canada.
The Kitty property is located about 20 kilometres northwest of
the world-class Red Chris project held by Imperial Metals Inc. As
of 2005, Imperial Metals reported that mineable reserves stand at
276 million tonnes grading 0.349% copper and 0.266 g/t gold, with a
25 year mine life, assuming copper prices of US$1.10/ lb and gold
prices of US$400/oz.
Compilation of results is ongoing for the Summit A, C and D
projects, all located in the Red Chris area.
Carl Schulze, BSc, PGeo, will be the Qualified Person for the
Summit Lake Project.
About Solitaire Minerals Corp.
Solitaire Minerals Corp. (TSX VENTURE: SLT) is a diversified
Junior Canadian Mineral Exploration Company with a specific focus
on precious and base metal properties in North America. In
addition, the Company intends to acquire Metallurgical coal leases.
Solitaire continues to negotiate for coal leases with near and long
term production potential.
For additional information please contact Solitaire Minerals
Corp. or visit www.solitaireminerals.com.
On Behalf of the Board of Directors
SOLITAIRE MINERALS CORP.
Charles Desjardins, President and Director
Cautionary note:
This report contains forward looking statements. Resource
estimates, unless specifically noted, are considered speculative.
Any and all other resource or reserve estimates are historical in
nature, and should not be relied upon. By their nature, forward
looking statements involve risk and uncertainties because they
relate to events and depend on factors that will or may occur in
the future. Actual results may vary depending upon exploration
activities, industry production, commodity demand and pricing,
currency exchange rates, and, but not limited to, general economic
factors. Cautionary Note to US investors: The U.S. Securities and
Exchange Commission specifically prohibits the use of certain
terms, such as "reserves" unless such figures are based upon actual
production or formation tests and can be shown to be economically
and legally producible under existing economic and operating
conditions.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Solitaire Minerals Corp. Charles Desjardins President
and Director (604) 683-5445 (604) 687-9631 (FAX)
info@solitaireminerals.com www.solitaireminerals.com
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